5Functions real estate agents and assistant real estate agents may exercise—the Act, s 10A

#### 5 Functions real estate agents and assistant real estate agents may exercise—the Act, s 10A 5 Functions real estate agents and assistant real estate agents may exercise—the Act, s 10A > > (1) A real estate agent who holds a class 1 or class 2 licence may exercise all real estate agent functions. > > > (2) Despite subsection (1), a real estate agent may not authorise the withdrawal of money from a trust account unless the real estate agent is the licensee in charge of the business to which the trust account relates. > > > (3) An assistant real estate agent— > > > > > (a) may exercise all real estate agent functions other than the functions described in the Act, section 3A(2), definition of real estate sale or leasing functions, paragraphs (a) and (b), but > > > > > (b) may not, in the person’s capacity as an assistant real estate agent— > > > > > > > (i) enter into a contract for the sale of land, or > > > > > > > (ii) enter into an agency agreement or a franchising agreement, or > > > > > > > (iii) authorise the withdrawal of money from a trust account.